T.O. office building buyer plans to convert it to medical campus
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Banks struggling with PPP loans for tri-county small businesses
Banking & Finance, Banking Industry, Law & Goverment, left, Small Business, Tri-County Economy, Wine & Viticulture, Women Inc.Last-minute rules changes and a messy rollout mean small businesses and nonprofits will have to wait a little longer to get the help they’ve been promised under the CARES Act. The $349 billion Payroll Protection Program, a key part of the act, went live on April 3, but few banks were in a place where Read More →
Tri-county experts weigh in on CARES Act
Banking & Finance, Banking Industry, Health Care & Life Science, Latest news, Law & Goverment, Small Business, Tri-County EconomyThe $2.2 trillion Coronavirus Aid, Relief and Economic Security Act that passed March 27 set in motion several measures in attempts to financially stabilize staggering businesses affected by social distancing and sheltered-at-home consumers. To weave through the complexities of the CARES Act and the collection of economic relief programs put in place, the Business Times Read More →
Few tri-county lenders ready to accept CARES Act loan applications
Banking & Finance, Banking Industry, Latest news, Small BusinessApril 3 was the first day small businesses could apply for new programs under the CARES Act, but last-minute changes meant only a few financial institutions in the Tri-Counties were able to roll out those options on opening day. Through hard work and preparation, Montecito Bank & Trust was able to accept initial applications when Read More →